After the recent market stagnation, BTC and many altcoins turning red, daily liquidations are back on the rise.
Ethereum lost all its gains and fell below $1,500 for a brief time, while BTC experienced a multi-week high.
Yesterday was a positive day in crypto markets, particularly for altcoins. Another major gainer was Ethereum Classic, which soared past $40. However, market sentiment changed after these increases. BTC fell to $18,500 at its lowest price since July, and was rejected by $20,000; Ethereum Classic failed to capitalise on this momentum, and dropped to $1,500. ETC was rejected at $20,000 and plummeted by approximately $1,500 to just under $1,500. The single largest wrecked position on OKX involved the BTC/USDT trading pairs.
CryptoPotato’s first post, Over $350M in Liquidations Daily and Bitcoin Dumped Below $19K appeared on CryptoPotato.
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